The Connecticut Green Bank’s evaluation efforts seek to understand how the increase in investment and deployment of clean energy supported by the Green Bank, result in benefits to society. To that end, the Green Bank has devised an evaluation framework, conducts program evaluations and other studies, and supports market studies.
The Connecticut Green Bank has established an evaluation framework to guide the assessment, monitoring and reporting of the program impacts and processes, including, but not limited to energy savings and clean energy production and the resulting societal impacts or benefits arising from clean energy investment. Evaluation studies and analyses conducted or commissioned by the Green Bank fall within the various study categories presented in the Evaluation Framework.
Program Evaluations and Other Studies
The Green Bank hires consultants to conduct evaluations of its programs, both on its own and in response to legislative mandates. Other studies are also commissioned to independent firms on topics of relevance to the clean energy industry and the Green Bank.
The following program evaluation studies were prepared and have been conducted in response to mandates by the Connecticut General Assembly, including:
- Cost-Effectiveness Assessment of the Residential Solar Investment Program – The Cadmus Group, Inc. (March 9, 2016)
- Residential Solar Investment Program Evaluation – The Cadmus Group, Inc. (January 30, 2015)
From time-to-time, other studies are prepared by independent consultants on topics or programs of relevance to the Green Bank, including:
- Connecticut Green Bank’s Residential Solar Investment Program: Economic Impact Analysis of Existing Commitments and Future Scenarios – Connecticut Center for Economic Analysis (CCEA) at the University of Connecticut, and Semnia LLC (February 9, 2015)
- Analysis of Solar Home Renewable Energy Credit (SHREC) Program – Sustainable Energy Advantage, LLC – January 20, 2015
The Green Bank has identified a number of societal benefits that accrue from the installation and operation of clean energy projects. It is collaborating with other parties to prepare reports that quantify those benefits and thus demonstrate more of the value that these projects deliver.
Economic Development (Job Creation)
- Economic Development Fact Sheet
- Clean Energy Jobs in Connecticut (August 10, 2016)
- Green Bank Memo to the Connecticut Department of Economic and Community Development – (September 13, 2016)
- Connecticut Department of Economic and Community Development Memo to the Green Bank – (October 14, 2016)
- Environmental Impact Fact Sheet
- AVERT Fact Sheet
- Green Bank Memo to the Connecticut Department of Energy & Environmental Protection – (February 6, 2017)
- Connecticut Department of Energy & Environmental Protection Memo to the Green Bank – (March 15, 2017)
- Public Health Fact Sheet
- About COBRA
- Green Bank Memo to Connecticut Department of Energy and Environmental Protection and Connecticut Department of Public Heath
- Memo from Connecticut Department of Public Health regarding COBRA
- Memo from Connecticut Department of Energy and Environmental Protection regarding COBRA
Economic Development Revenue Generation
- Economic Development Revenue Generation Fact Sheet
- Tax Revenue Calculator Final Report – (Jan. 2018)
- Tax Revenue Calculator Memo to the Department of Revenue Services – (March 2018)
- Tax Revenue Calculator Memo from Department of Revenue Service to the Green Bank – (Aug. 2018)
Energy Burden [Coming in 2018]